Is Plainsboro Township, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Plainsboro Township has remained a Seller's Market.
Housing Prices in Plainsboro Township, NJ
How much do homes in Plainsboro Township, NJ cost?
Median Sold Price
$587,500
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Plainsboro Township was $587,500 in April 2024, up 11% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $206K | $225K | +9.2% |
2 Bedrooms | $337K | $383.5K | +13.8% |
3 Bedrooms | $602.5K | $645K | +7.1% |
4 Bedrooms | $820K | $948K | +15.6% |
5+ Bedrooms | $915.5K | $1.1M | +22.9% |
Summary: Plainsboro Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
Plainsboro | $555K | $630K | +13.5% |
West Windsor Township | $746K | $835K | +11.9% |
Plainsboro Township | $529.5K | $587.5K | +11.0% |
Princeton Junction | $858K | $905.5K | +5.5% |
Cranbury | $625K | $625K | 0.0% |
Housing Supply in Plainsboro Township, NJ
How many homes are available in Plainsboro Township, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 90 | -10.9% |
Summary: The Plainsboro Township real estate market had 90 homes for sale in April 2024, a 10.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 12 | -20.0% |
2 Bedrooms | 16 | 19 | +18.8% |
3 Bedrooms | 36 | 26 | -27.8% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Plainsboro Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 18.8%, 3 bedroom homes decreased by 27.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 22 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Plainsboro Township in April 2024, down by 8.3% month-over-month. Of the 22 sold homes, 32% were sold under asking, 14% were sold at asking, and 55% were sold over asking.
Days on Market for Plainsboro Township, NJ
How long does it take to sell a home in Plainsboro Township, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 17 Days | -50.4% |
Summary: Homes in Plainsboro Township had an average of 17 days on market in Apr 2024, down by 50.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Plainsboro Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.